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Introduction to Business Environment Assignment (Solution)

   

Added on  2020-12-29

9 Pages2720 Words244 Views
Introduction toBusiness Environment

Table of ContentsINTRODUCTION...........................................................................................................................1What............................................................................................................................................1So What.......................................................................................................................................3Now What...................................................................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7.........................................................................................................................................................7

INTRODUCTIONBusiness environment can be described as factors which influences the business such asinternal factors and external factors. Some of the external business environmental factors arepolitical, social, technological, etc. Similarly the internal environment of business is consist ofhuman resource, finance, labour management, and many more. This report will be discussingabout Tesco PLC which is a multinational grocery and general merchandise company. Additionto this, the respective organisation is a third largest retailer across the world. This report will helpin having a better understanding about different type of organisation and their objectives such aspublic, private and voluntary organisations and how they satisfy their stakeholders (Types ofNon-profit organisations. 2018). WhatBusiness environment is consist of many influencing factors such as customers,resources, government activities, demographics, suppliers, etc. which plays a crucial role inattaining the goals and objectives of the company. I found out that the nature of businessenvironment is very complex as it is affected by many elements. However, with the help ofadequate market strategy, price and quality, companies can gain competitive advantage. Themain objective of companies are to earn profit and increase the number of sales, whereas it I notthe same for different type of companies. With the help of this report, I was able to understandthat there are three type of organisations which as public organisations, private organisations andvoluntary organisations which are further discussed below:BasisPublic SectorPrivate SectorVoluntary organisationDefinitionPublic sector is thesector which is consistof both publiccompanies and publicservices (Belás and et.al., 2015). Addition tothis, these companiesare run by government.Some of the services arePrivate sector is consistofenterprises which arerun by individuals orgroups in order to earnprofit for the businessman. These enterprisesare not controlled by thestates. Some of theprivate sector servicesAlso known as commoninterest association, it canbe described as anagreement between groupof individuals also knownas volunteers in order toform an organisation whichwill help in accomplishingthe purpose. These1

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